K2 FAM FOUNDATION: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- K2 FAM FOUNDATION (EIN 20-7124990)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-05-17
- IRS object ID
- 202111379349100321
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-17T08:53:49-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331197384 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANDERSEN TAX LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 125 HIGH STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 207124990 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE K2 FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | K2FA | BusinessNameControlTxt |
| Phone | 2073728083 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 MARSHALL POINT ROAD BOX 285 | AddressLine1Txt |
| City | PORT CLYDE | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04855 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT T KELLEY | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 2073728083 | PhoneNum |
| Signature | 2021-05-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ROBERT | PersonFirstNm |
| Person Last | KELLEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DANIEL VEILLETTE | PreparerPersonNm |
| PTIN | P01867494 | PTIN |
| Phone | 6172928400 | PhoneNum |
| Preparation | 2021-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $6,139,689 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $146,226 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $34,514 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $32,954 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $34,514 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $68,257 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $65,745 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $68,257 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $11,753 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,247,171 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $78,225 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,217 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,997 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $1,217 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $261,967 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $178,921 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $103,988 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $6,175 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $29,696 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $29,696 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $2,798 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,798 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $70 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $70 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $38,739 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $32,494 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $70 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $248,167 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $248,167 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $286,906 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $32,494 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $248,237 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$24,939 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $146,427 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $103,988 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $338,444 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $322,339 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $322,339 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,129,101 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,008,092 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,514,873 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $3,193,088 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $3,240,519 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $4,302,477 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $4,660,633 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,570,950 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $6,139,689 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $4,660,633 | RetainedEarningBOYAmt |
| Retained Earning EOY | $4,570,950 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $4,660,633 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $4,570,950 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $4,660,633 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $4,570,950 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $4,660,633 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$24,939 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $4,635,694 | SubtotalAmt |
| Other Decreases | $64,744 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $4,570,950 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | P | $2,245,614 | $2,168,946 | $76,668 | $76,668 |
| CAPITAL GAIN DISTRIBUTIONS | P | $447 | $447 | $447 | |
| MAGELLAN MIDSTREAM PARTNERS LP BASIS ADJUSTMENT | P | $1,110 | $1,110 | $1,110 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $78,225 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $76,668 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,035 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $2,035 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $2,035 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $2,276 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $2,276 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $241 | OverpaymentAmt |
| Applied To ES Tax | $241 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | 0 | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Org Report Or Register State | ME | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | ROBERT T KELLEY | IndividualWithBooksNm |
| Phone | 2073728083 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 MARSHALL POINT ROAD BOX 285 | AddressLine1Txt |
| City | PORT CLYDE | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 04855 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | Yes (1) | BusinessHoldingsInd |
| Excess Business Holdings | 0 | ExcessBusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| ROBERT T KELLEY | ||||||||
| 88 MARSHALL POINT ROAD BOX 285 | PORT CLYDE | ME | 04855 | TRUSTEE | 0.00 | $0 | $0 | $0 |
| MARGOT ANNE KELLEY | ||||||||
| 88 MARSHALL POINT ROAD BOX 285 | PORT CLYDE | ME | 04855 | TRUSTEE | 0.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $4,958,474 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $317,708 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $5,276,182 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $5,276,182 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $79,143 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $5,197,039 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $259,852 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $259,852 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,035 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,035 | TotalTaxAmt |
| Distributable Before Adj | $257,817 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $257,817 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $257,817 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $248,237 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $248,237 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $248,237 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $257,817 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $83,251 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $16,587 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $90,808 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr1 | $74,685 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $265,331 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $248,237 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $248,237 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $9,580 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $9,580 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $255,751 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $73,671 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $182,080 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $16,587 | ExcessFromYear4Amt |
| Excess From Year3 | $90,808 | ExcessFromYear3Amt |
| Excess From Year1 | $74,685 | ExcessFromYear1Amt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | ROBERT T KELLEY | ContributingManagerNm |
| Contributing Manager | MARGOT ANNE KELLEY | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (30 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| OCEANVIEW GRANGE | |||||||
| 146 STATE ST | AUGUSTA | ME | 04330 | N/A | 501(C)(3) | GENERAL | $1,000 |
| SEED SAVER EXCHANGE | |||||||
| 3094 NORTH WINN ROAD | DECORAH | IA | 52101 | N/A | 501(C)(3) | GENERAL | $250 |
| PLANNED PARENTHOOD OF NE | |||||||
| 443 CONGRESS ST | PORTLAND | ME | 04101 | N/A | 501(C)(3) | GENERAL | $5,000 |
| GROUDNSWELL FUND | |||||||
| 548 MARKET STREET 49734 | SAN FRANCISCO | CA | 94104 | N/A | 501(C)(3) | GENERAL | $20,000 |
| WATERFALL ARTS | |||||||
| 256 HIGH ST | BELFAST | ME | 04915 | N/A | 501(C)(3) | GENERAL | $16,667 |
| KNOX COUNTY HOMELESS COALITIONTHE LANDING PLACE | |||||||
| 63 PARK ST | ROCKLAND | ME | 04841 | N/A | 501(C)(3) | GENERAL | $2,000 |
| FRESH FUTURE FARM | |||||||
| 2008 SUCCESS ST | NORTH CHARLESTON | SC | 29405 | N/A | 501(C)(3) | GENERAL | $1,000 |
| ACLU OF MAINE | |||||||
| PO BOX 7860 | PORTLAND | ME | 04112 | N/A | 501(C)(3) | GENERAL | $50,000 |
| ACLU OF MAINE | |||||||
| PO BOX 7860 | PORTLAND | ME | 04112 | N/A | 501(C)(3) | GENERAL | $50,000 |
| AGRARIAN TRUST | |||||||
| 22 BUXTON SCHOOL RD | WEARE | NH | 03281 | N/A | 501(C)(3) | GENERAL | $10,000 |
| ACLU OF MAINE | |||||||
| PO BOX 7860 | PORTLAND | ME | 04112 | N/A | 501(C)(3) | GENERAL | $250 |
| WIKIPEDIA | |||||||
| 120 KEARNY STREET 16TH FLOOR | SAN FRANCISCO | CA | 94104 | N/A | 501(C)(3) | GENERAL | $1,000 |
| GIVEBUTTER | |||||||
| 200 BUTTER LANE | WASHINGTON | DC | 20006 | N/A | 501(C)(3) | GENERAL | $1,000 |
| PROPUBLICA | |||||||
| 155 6TH AVE | NEW YORK | NY | 10013 | N/A | 501(C)(3) | GENERAL | $1,000 |
| ELECTRONIC FRONTIER FOUNDATION | |||||||
| 815 EDDY STREET | SAN FRANCISCO | CA | 94109 | N/A | 501(C)(3) | GENERAL | $5,000 |
| SOUL FIRE FARM INSTITUTE | |||||||
| 1972 NY-2 | PETERSBURG | NY | 12138 | N/A | 501(C)(3) | GENERAL | $2,500 |
| ST GEORGE COMMUNITY DEVELOPMENT | |||||||
| PO BOX 160 | TENANTS HBR | ME | 04860 | N/A | 501(C)(3) | GENERAL | $35,000 |
| ST GEORGE COMMUNITY DEVELOPMENT | |||||||
| PO BOX 160 | TENANTS HBR | ME | 04860 | N/A | 501(C)(3) | GENERAL | $10,000 |
| MOFGA | |||||||
| 38 SCHOOL ST | UNITY | ME | 04988 | N/A | 501(C)(3) | GENERAL | $2,500 |
| HURRICANE ISLAND FOUNDATION | |||||||
| 347 CONGRESS ST | BOSTON | MA | 02210 | N/A | 501(C)(3) | GENERAL | $3,000 |
| ONE LESS WORRY | |||||||
| 108 BEECH STREET | ROCKLAND | ME | 04841 | N/A | 501(C)(3) | GENERAL | $2,500 |
| GEORGES RIVER LAND TRUST | |||||||
| 8 N MAIN ST | ROCKLAND | ME | 04841 | N/A | 501(C)(3) | GENERAL | $1,000 |
| ST GEORGE COMMUNITY SAILING | |||||||
| PO BOX 435 | TENANTS HBR | ME | 04860 | N/A | 501(C)(3) | GENERAL | $500 |
| MAINE FARMLAND TRUST | |||||||
| 97 MAIN ST | BELFAST | ME | 04915 | N/A | 501(C)(3) | GENERAL | $10,000 |
| SOUTHERN POVERTY LAW CENTER | |||||||
| 400 WASHINGTON AVE | MONTGOMERY | AL | 36104 | N/A | 501(C)(3) | GENERAL | $2,500 |
| TREKKERS | |||||||
| 325 OLD COUNTY RD | ROCKLAND | ME | 04841 | N/A | 501(C)(3) | GENERAL | $1,000 |
| PLANNED PARENTHOOD OF NE | |||||||
| 443 CONGRESS ST | PORTLAND | ME | 04101 | N/A | 501(C)(3) | GENERAL | $5,000 |
| OCEANVIEW GRANGE | |||||||
| 146 STATE ST | AUGUSTA | ME | 04330 | N/A | 501(C)(3) | GENERAL | $2,500 |
| ISLAND INSTITUTE | |||||||
| 386 MAIN ST 3345 | ROCKLAND | ME | 04841 | N/A | 501(C)(3) | GENERAL | $1,000 |
| LIFE FLIGHT FOUNDATION | |||||||
| 13 MAIN ST | CAMDEN | ME | 04843 | N/A | 501(C)(3) | GENERAL | $5,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $248,167 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34,514 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $68,257 | ExclusionAmt |
Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,997 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $11,753 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FROM K-1 - MAGELLAN MIDSTREAM PARTNERS LP | Desc |
| Exclusion | 14 | ExclusionCd |
| Exclusion | -$780 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $115,741 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $115,741 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT & MARGOT KELLEY | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 88 MARSHALL POINT ROAD BOX 285 | AddressLine1Txt |
| City | PORT CLYDE | CityNm |
| State Abbreviation | ME | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $146,226 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp (3 entries)
| ContributorContributorNum | Noncash PropertyNoncashPropertyDesc | Fair Market ValueFairMarketValueAmt | ReceivedReceivedDt |
|---|---|---|---|
| 1 | 600 SHARES OF PERKINELMER, INC. | $83,643 | 2020-12-21 |
| 1 | 60 SHARES OF MICROSOFT CORP. | $13,238 | 2020-12-21 |
| 1 | 392 SHARES OF APPLE INC. | $49,345 | 2020-12-21 |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $6,175 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | STATEMENT IN COMPLIANCE OF IRC SEC. 751 | IdentifierTxt |
| Form And Line Reference | FORM 990-PF | FormAndLineReferenceDesc |
| Medium Explanation | THE TAXPAYER HAS REPORTED $1,997 ORDINARY INCOME UPON THE DISPOSITION OF UNITS IN MAGELLAN MIDSTREAM PARTNERS, L.P., AS PROVIDED BY THE PARTNERSHIP. THE AMOUNT WAS DETERMINED IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 751. DETAILED INFORMATION IS AVAILABLE FROM THE PARTNERSHIP UPON REQUEST. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | INVESTMENTS - ETF | StockNm |
| EOY Book Value | $1,008,092 | EOYBookValueAmt |
| EOYFMV | $1,514,873 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (6 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENTS - FIXED INCOME | AT COST | $938,760 | $989,700 |
| INVESTMENTS - STOCKS | AT COST | $1,976,409 | $2,954,638 |
| MAGELLAN MIDSTREAM PARTNERS LP | AT COST | $5,598 | $5,598 |
| INVESTMENTS - GOLD TRUST | AT COST | $105,072 | $133,256 |
| INVESTMENTS - FIRST TRUST PREFERRED SECURITIES | AT COST | $104,097 | $105,796 |
| INVESTMENTS - IQ MERGER ARBITRAGE ETF | AT COST | $110,583 | $113,489 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAINS | Desc |
| Amt | $64,744 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MA FILING FEE | Desc |
| Revenue And Expenses Per Books | $70 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $70 | DisbursementsCharitablePrpsAmt |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| MAGELLAN MIDSTREAM PARTNERS LP ORDINARY RECAPTURE | $1,997 | $1,997 | $1,997 |
| FROM K-1 - MAGELLAN MIDSTREAM PARTNERS LP | -$780 | -$780 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT FEES | CategoryTxt |
| Amt | $29,696 | Amt |
| Net Investment Income | $29,696 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX WITHHELD | CategoryTxt |
| Amt | $2,798 | Amt |
| Net Investment Income | $2,798 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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